It has urged the Modi government to immediately announce a relief package for industry in Tamil Nadu.

Hyundai, Ford and Renault, impacted by the heavy downpour in Chennai, have temporarily suspended operations at their plants.

"We have suspended three shifts, one last night and two shifts for today, at our plant due to the rain," a Hyundai Motor India Ltd official said, reports PTI. Resumption of operations will depend on the emerging situation, according to the official.

Hyundai's Chennai plant has a capacity to produce around 6.8 lakh vehicles annually.

Ford India has also suspended operations at its Chennai plant.

"Continued heavy rains in Chennai have resulted in significant flooding in the area with many roads impassable. For the safety of our employees, we have halted production at our Chennai assembly and engine plants on Wednesday, December 2," a company spokesperson said in a statement.

Renault India has also said operations at its Chennai plant have been suspended for a day on Wednesday.

The Renault-Nissan Alliance plant in Chennai has a capacity to roll out up to 4.8 lakh vehicles per year.

"Today we are not operating at the plant. The safety of our employees is paramount. We are monitoring the situation closely and resumption of operations will depend entirely on the weather improving," Renault India operations country CEO and managing director Sumit Sawhney said, according to PTI.

Meanwhile, rain fury in Chennai and other parts of Tamil Nadu are likely to cause a financial loss in excess of Rs 15,000 crore, said industry body Associated Chambers of Commerce and Industry of India (Assocham).

"Unprecedented torrential downpour in Chennai and other parts of Tamil Nadu has led to total chaos thereby creating an atmosphere of uncertainty and panic not only for the trade, industry and other commercial activities but especially amid common individuals who are bearing heavy financial loss to their properties," Assocham said in a statement on Wednesday.

It has urged the Modi government to immediately announce an appropriate relief and rehabilitation package for the industry in Tamil Nadu.

The chamber said that small and medium enterprises, automobile and engineering industries, textiles and tourism have been badly affected.

It may be recalled that the heavy downpour has affected Chennai so badly that most offices, including those of Infosys, Cognizant and Tata Consultancy Services had to be closed down on Wednesday.

The impact of the heavy rainfall and its consequent disruption of operations of companies in Chennai also affected their stocks at the stock exchanges on Wednesday.

TVS Motor fell almost 5% on the Bombay Stock Exchange (BSE).

"Incessant rain for the past three weeks in Chennai have had an adverse effect on the company's production during the period. The company's suffered sales loss of approximately 15,000 units due to inclement weather," said TVS Motor in a statement to the BSE.